IRS Registry for Monetizing Energy Tax Credits Nears Completion

A new IRS portal for clean energy companies and tax-exempt entities that want to monetize their tax credits is almost complete, an official said Friday.

The IRS is testing the portal and it is “almost done,” said Richard Blumenreich, a special counsel at the IRS Office of Chief Counsel, adding that the IRS website could update later this month with more details about the portal, as the testing continues. He was speaking at the UNC Tax Summit.

The 2022 tax-and-climate law created a new way to help clean energy companies finance projects and offset some tax liability, allowing them to ...